Get Paid From Doing Field Inspections | Field Inspection Ebook

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What is a Field Inspector?

A Field Inspector provides a visual inspection of property or other collateral such as heavy equipment, computers, RV's, boats, and other business related items. Financial institutions, banks, credit unions, mortgage lenders or insurance companies will require an inspection to finalize or update a particular business transaction.

Field Inspectors work both part-time and full-time in this business.

The requirements to be a field inspector aren't extensive nor is the equipment necessary to be a field inspector extensive. We have videos that you can review on these topics. The field inspection companies that will send you orders (yes the work is emailed to you daily) understand that you maybe new to this business, almost all of them provide their own training videos, guides etc. to "fast track" your business.

"Being a field inspector is truly a Recession Proof Business"

There are millions of inspections done every year; the demand is at an all-time high for field inspectors because of our nation's economic difficulties. In the past few years a few Trillion of our dollars will have been spent on some form of economic stimulus, bail-out programs (Auto Industry), bank (TARP) bail-out and home loan modification programs. The newest crisis is the commercial loans on apartment, condominium and office buildings, it is a huge new opportunity. Lenders want to make sure the assets they funded are reviewed, documented and photographed. They will need quality inspections done on them; this has further increased the demand for new Field Inspectors in 2010 and for many years to come

Make Money With Field Inspections

The income potential from being a field inspector is excellent, earning $200 per day is easily accomplished after 30-60 days. Our

earnings will be driven by four factors:

-Number of Field Inspection Companies you are associated with

-Number of Inspections

-Type of Inspections

-Efficiency of Inspector

We have explained each of these in detail in the ebook "An Inspectors Guide to Field Inspections", here is a brief summary of that information.

Our assignments can typically be completed within 5 minutes to 1 hour.

Our compensation will range from about $7-$10 for a drive-by with photos only, up to $40-$100 for a 1 hour report. If you are thinking along an hourly income rate the potential income should range from $30-$100 per hour.

You will initially find that you will spend a little more time but within a few months, as you gain more experience, you will find yourself spending less time in completing assignments. The amount of inspections you will complete in the same amount of time will increase and you will earn more income in shorter period of time.

Note: Every company which you will do an inspection for will tell you upfront exactly what they will pay for an inspection and spell out what they want you to do and when the inspection is due. If you are not comfortable doing a certain type of inspection or the inspection calls for you to drive outside of an area which you are currently working in then pass on the inspection. Field Insurance companies need quality inspectors. They want to be fair and many of the folks you will be dealing with are former field inspectors themselves.

The amount of income you earn monthly or yearly will be dependent on the number of companies you "freelance" for, types of inspections and whether you do this part-time or full-time. A part-time inspector can easily earn $25,000 per year. Full-time inspectors can earn more than $50,000-$75,000 per year.

If you specialize in commercial inspections, FHA or larger mortgage type inspections you could easily top $100,000 per year. These inspections do require more time and knowledge but don't be afraid or shy away from them if offered. In most cases the Field Inspection Company will assist you with the first few you undertake, they understand what your experience level is but they also need good inspectors. It is in their interest to assist you and train you.

Last the keys for your continuing success are:

-First and foremost you have to be reliable, accept inspections that you can complete in the timeline the company has requested them in.

- Do quality work, take good pictures, ask the company if they have a preference in the number, location and size of picture (meaning the mega pixel size).

- Your email inbox is your friend, check it regularly and respond to requests or issues on your inspections promptly.

-Sign up with a lot of companies initially, build a relationship with them and do quality work and they will send you more and more work.

- LAST stay determined and follow what has been outlined in the e-book.

How to Become An Independent Field Inspector

To complete most field inspection jobs - you'll need a cell phone, a computer, a scanner or fax machine, a digital camera and it is very beneficial to have high speed internet. For property inspections you will be emailed an address to visit along with a form that has questions on the type of property and the condition that it is currently in. Typically, field inspectors are given a window of 24-48 hours to complete their "drive by" and get all the photos and information required on the property. It is always a good idea to get a few more photos than were requested; this way you have multiple angles and viewpoints to offer the company that is paying you to complete the inspection.

Qualifications to be a Field Inspector

*       Men or women at least 18 years of age

*       At least a high school or equivalent education

*       Valid drivers license and a decent vehicle

*       Good verbal and written communication skills

*       Good organizational skills

*       A working knowledge of the internet, email etc.

*       Self-starter

*       Should be able to respond to requests for information and work with another party in a professional and understandable manner, usually via email or via the phone.

What you don't need!

*       Experience

*       No license is required

*       No tests are required

*       No cold calling

*       No office space (work out of your home)

*       No special equipment

*       Your own website

*       All forms are supplied by the companies we work for

      One last point, once you sign up with a field inspection company they will assist you in additional training, how their email programs work, types of inspections they will want you to perform, fee scale, procedures and filling their reports, etc.

     these companies want you to succeed and many of them have

     video training, webinars and staff in-house who have done field

     inspections and "know the ropes."

      How do I find a Field Inspection Company to work for?

Well you could do a Google search and find a few at a time or a very comprehensive list can be found in the E-book An Inspectors Guide to Field Inspections, there are over a hundred companies listed all with their website addresses. Signing up with them is done through their websites, it isn't hard to do and the key is to sign up with as many of them as you can, that will insure that you have a steady flow of work coming in. Many of them will ask you to list all of the zip codes you can work in (a rule of thumb is list those that are with in 25 miles of your home or office), the more you list the more jobs will be sent your way.

How Home Foreclosures are an Opportunity For Field Inspectors

This is a short story of a property in a neighborhood where I live in Milwaukee , Wisconsin. For the past 15 years 1833 N. Palmer St. was owned and occupied by a family, now it is part of the foreclosure "mill" which has plagued thousands of neighborhoods across our country. I first noticed the property about 4 or 5 months ago when I saw somebody stapling a notice on the front door, it read "property owner notified to contact the XYZ lending group." I knew that the foreclosure process had proceeded to the point that the lender was going to take the property back unless the property owner could come up with the funds to reverse the legal action already started. Another dilemma for this family but an opportunity for a field inspector!

In January of 2011 after the legal posting, I saw a guy walking around the house taking pictures, I knew who he was, a field inspector. I stopped in and introduced myself and yes he was doing a drive-by field inspection for the lender. His name was Dave; I asked him how business was? "More than I can keep up with, this is my third this morning!" (It was about 9:15am). He told me he is averaging over 75-80 drive-by inspections per week, double the volume he did in 2009. He said the next step on this property was to contact the lender and have them arrange to have it boarded up along with correcting a few other items he was noting in his report. I asked him if he would be doing that, "No but I have a good friend who I will refer to the lender" The boarding up of a property and keeping an eye on it's condition is another type of work that field inspectors can do. It's called property preservation. I discuss this in detail in my e-book.

Well as this short story ends the foreclosure crisis continues. Dave and I along with thousands of field inspectors across our country have found an opportunity to build our businesses on. This financial mess is going to take 3-5 years to correct it self according all of the so-called housing experts.

In the meantime it's time for you to capitalize on this. All of the information "the ABC's" of the field inspection business are explained in the E-Book. The videos which you may have seen on youtube go over much of what the ebook discusses but the key is you have to start and the Guide is the best tool available to begin with.

I wish you great success and don't miss out on these

EASY MONEY INSPECTIONS!

Energy Audit Institute provides training and certification in home energy audits and commercial energy audits.